The importance of succession planning to avoid litigation

A great article concerning the rise in farm inheritance disputes. So often we see families relying entirely on verbal agreements and understandings, yet the importance of a formal partnership agreement and a professional drafted Will, cannot be underestimated.

Proprietary estoppel is a challenging and unpredictable area of law, making it inherently expensive for litigants.

At Hedges, we can help you with all aspects of succession planning, be it a Will, a partnership agreement, or just general advice on how to avoid these disputes.

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Rise in number of farm inheritance and succession disputes

There has been a significant increase in the number of farm disputes taken to court in recent years Running the farm tends to be the way of life for many families, but over recent years there has been a rise in the number of inheritance and succession disputes, writes Nazia Nawaz, of Ramsdens Solicitors. Such disputes have highlighted the risks that arise from lack of communication and documentation on the intention of farmers for their future generations and the succession of their farming businesses.
One of the most common claims that arises is proprietary estoppel, which farming families are more susceptible to.